Tupperware Brands Corporation (NYSE:TUP) issued its quarterly earnings results on Wednesday, October 25th. The company reported $1.03 earnings per share for the quarter, topping the consensus estimate of $0.94 by $0.09, Bloomberg Earnings reports. The business had revenue of $539.50 million during the quarter, compared to the consensus estimate of $538.80 million. Tupperware Brands Corporation had a return on equity of 101.23% and a net margin of 6.18%. The company’s quarterly revenue was up 3.4% on a year-over-year basis. During the same quarter last year, the company earned $0.87 earnings per share. Tupperware Brands Corporation updated its Q4 guidance to $1.48 – $1.53 EPS.
Shares of Tupperware Brands Corporation (NYSE:TUP) traded up $0.15 during trading hours on Friday, reaching $58.83. 221,500 shares of the company’s stock traded hands, compared to its average volume of 512,385. The company has a debt-to-equity ratio of 2.56, a quick ratio of 0.52 and a current ratio of 0.98. Tupperware Brands Corporation has a 52 week low of $52.32 and a 52 week high of $74.36. The firm has a market cap of $2,986.08, a P/E ratio of 12.48, a P/E/G ratio of 1.03 and a beta of 1.72.
The business also recently declared a quarterly dividend, which will be paid on Friday, January 5th. Shareholders of record on Wednesday, December 20th will be issued a $0.68 dividend. The ex-dividend date is Tuesday, December 19th. This represents a $2.72 annualized dividend and a dividend yield of 4.62%. Tupperware Brands Corporation’s dividend payout ratio is currently 98.91%.
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TUP has been the topic of a number of research analyst reports. ValuEngine downgraded Tupperware Brands Corporation from a “buy” rating to a “hold” rating in a research report on Friday, September 1st. Zacks Investment Research downgraded Tupperware Brands Corporation from a “hold” rating to a “sell” rating in a research note on Wednesday, October 18th. Citigroup Inc. increased their target price on Tupperware Brands Corporation from $67.00 to $68.00 and gave the company a “neutral” rating in a report on Monday, October 2nd. KeyCorp restated a “hold” rating on shares of Tupperware Brands Corporation in a report on Thursday, October 12th. Finally, Morgan Stanley lifted their target price on Tupperware Brands Corporation from $71.00 to $72.00 and gave the company an “equal weight” rating in a report on Thursday, October 26th. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating and two have assigned a buy rating to the company’s stock. Tupperware Brands Corporation has an average rating of “Hold” and a consensus price target of $68.33.
In other Tupperware Brands Corporation news, Chairman E V. Goings sold 44,600 shares of the company’s stock in a transaction dated Wednesday, November 1st. The shares were sold at an average price of $59.26, for a total transaction of $2,642,996.00. Following the sale, the chairman now directly owns 54,059 shares of the company’s stock, valued at $3,203,536.34. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, EVP Thomas M. Roehlk sold 2,000 shares of the stock in a transaction that occurred on Wednesday, November 1st. The shares were sold at an average price of $59.39, for a total transaction of $118,780.00. Following the sale, the executive vice president now directly owns 10,765 shares in the company, valued at $639,333.35. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 50,600 shares of company stock worth $3,001,976. 3.22% of the stock is currently owned by corporate insiders.
About Tupperware Brands Corporation
Tupperware Brands Corporation is a global direct-to-consumer company. The Company operates through five segments in three geographic regions: Europe (Europe, Africa and the Middle East), Asia Pacific and the Americas. Its segments are Europe, Asia Pacific, Tupperware North America, Beauty North America and South America.
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